The survey shows, among many measures, the following median expectations:

Real GDP: (annual average level)

full-year 2018: 2.8%

full-year 2019: 2.5%

full-year 2020: 2.0%

full-year 2021: 1.7%

Unemployment Rate: (annual average level)

for 2018: 4.0%

for 2019: 3.8%

for 2020: 3.9%

for 2021: 4.0%

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Regarding the risk of a negative quarter in real GDP in any of the next few quarters, mean estimates are 5.8%, 9.1%, 11.4%, 13.6% and 16.8% for each of the quarters from Q1 2018 through Q1 2019, respectively.

As well, there are also a variety of time frames shown (present quarter through the year 2027) with the median expected inflation (annualized) of each. Inflation is measured in Headline and Core CPI and Headline and Core PCE. Over all time frames expectations are shown to be in the 1.7% to 2.7% range.

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I post various economic forecasts because I believe they should be carefully monitored. However, as those familiar with this site are aware, I do not agree with many of the consensus estimates and much of the commentary in these forecast surveys.

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About

I believe that our economic situation is vastly misunderstood. The future adverse consequences of this misunderstanding can not be understated. It is for this reason I write about our economic condition, with a focus towards America's economic future. To say there is much “on the line” here would be a complete understatement.